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Recovery Firms Thrive As Bureaucracy Keeps People From Claiming Their Own Money
Funds recovery firms developed in the last five to eight years and help claimants recover money stuck in investments.
‘Agents' Are Making A Quick Buck In Last-Minute Rush To Exchange Rs 2,000 Notes Outside RBI
The exchange of out-of-circulation currency notes is done up to Rs 20,000 and nobody knows the source of the money being exchanged.
RBI Leaves Rates Unchanged, Raises GDP Projection To 7%
The Reserve Bank of India's Monetary Policy Committee (RBI MPC) kept the repo rate unchanged at 6.5 per cent for the fifth time in a row on Friday. In its bi-annual policy announcement, RBI Governor Shaktikanta Das said the decision was unanimous
RBI Rules Around Unsecured Loans Cautionary In Nature, Says CRISIL's Ajit Velonie
According to Velonie, unsecured personal loans constitute a very small portion of overall NBFC lending.
RBI Governor Says NBFCs Must Reduce Dependence On Banks
India's central bank Governor Shaktikanta Das warned banks to undertake stress tests and said all forms of "exuberance" should be avoided, days after imposing curbs on some lending
Markets Brace For Middle East Tension Impact
Bloomberg reported that major equities gauges in the Middle East region fell Sunday, led by a 7% drop on Israel's benchmark TA-35 stock index, its biggest loss in more than three years.
The RBI Does A Sleight Of Hand
The RBI has asked all scheduled banks to maintain an Incremental Cash Reserve Ratio of 10% with effect August 12 which is meant to absorb surplus liquidity in the system
India's Looming Exports Challenge Is Closer To Home Than We Think
33% of India's exports are to the Asia Pacific region and are falling sharply according to a recent CRISIL report which suggests a structural shift as the reason
